2. Note
To collect more details
about Residential Status
of an Individual, refer to
Section 6 of Income Tax
Act,1961.
This is the broad idea
about Residential
status of an Individual
according to Income
Tax Act, 1961.
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3. Hello!
I am Om Pawan Kumar Singla
I am here because I love to give presentations.
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4. Slide contain:-
➜ Meaning of Residential Status
➜ Residential Status of an Individual
➜ Know your Residential Status
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6. “
Residential status in India
of a person is depend on
the period in which he/she
stay in India. It is counted
from 1st April to 31st
March of there financial
year.
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8. Categorization of Residential
Status
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Residential
Status Of an
Individual
Non Resident
(TEST A not fulfilled)
Resident
(If fulfilled TEST A)
Ordinarily
Resident ‘ROR’
(TEST A+ TEST
B)
Not Ordinarily
Resident ‘RNOR’
(Fulfilled TEST
A But not TEST
B)
11. Condition A:-
Stay in India during
the previous year for
182 days or more.
An individual should fulfill any
one of the following Condition
Condition B:-
Stay in India in the
previous year for 60
days or more
AND
365 days or more
during the 4 year
immediately preceding
the previous years
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OR
13. To become an ordinary resident of India
an individual has to in addition to Test A
fulfill both the following two condition.
TEST B
➜ He has been resident of India in at least 2
previous year out of 10 previous year immediately
prior the previous year.
AND
➜ He has stayed in india for at least 730 days in 7
previous years immediately prior to the previous
year.
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15. 15
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